821 S Johnstone Ave #715BartlesvilleOK74003
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 821 S Johnstone Ave #715, Bartlesville, OK, 74003 in Bartlesville is capital appreciation. Rental yield 5.55%. The 5.55% gross yield at $188,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $51,941 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (1.03) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $29,634.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.6% | 7.8% |
| Monthly Cash Flow | $(674) | $320 |
City averages based on Bartlesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $870 |
| Total Monthly Debt Service | $1,469 |
| DSCR Ratio | 0.59x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1960
1,001 sqft lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74003, Bartlesville, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 3,286 (47.8%) |
| Renter Occupied HU | 2,399 (34.9%) |
| Vacant Housing Units | 1,186 (17.3%) |
| Median Home Value | $111,728 |
| Average Home Value | $178,462 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,749
Multi-Family
220
Businesses
556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Condo
Built in 1960
1,001 sqft lot
$N/A/sqft
$343 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 74003, Bartlesville, OK area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,871 (100%) |
| Owner Occupied HU | 3,286 (47.8%) |
| Renter Occupied HU | 2,399 (34.9%) |
| Vacant Housing Units | 1,186 (17.3%) |
| Median Home Value | $111,728 |
| Average Home Value | $178,462 |
Housing Distribution
Address Breakdown
Residential
5,969
Single Family
5,749
Multi-Family
220
Businesses
556
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Deborah McGuire • Coldwell Banker Select
Mls Name: MLS Technology, Inc.
Mls Provider:
Mls ID: #2511869
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.